625 77th ST, Miami Beach, FL 33141
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4,162 SqFt
Pending

625 77th ST Miami Beach, FL 33141

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London Foster Florida

London Foster Florida

+1(844) 566-3663

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 4,162 sqft

Subdivision Altos Del Mar No 3

MLS Listing ID A11950199

Construction Status Resale,Updated/Remodeled

HOA Y/N No

Year Built 1950

Annual Tax Amount $18,872

Tax Year 2025

Contingent Inspection

Property Sub-Type Quadruplex

Property Description

TOTALLY UPDATED INCOME GENERATING BUILDING! Walk to the BEACH! This two-story, 4,162 SF multifamily building sits on a 5,500 SF lot and offers immediate income! The property features 4 spacious units, each a 2-bedroom / 2-bathroom residence, all currently leased on 12-month agreements. Current annual income:$112,800 Projected annual income: $124,000 NOI: $71,447 Cap Rate: 4.61% Fully updated in 2019, including completion of the 40-year certification. New roof installed with permits in January 2026, offering long-term peace of mind. Unit features: Hurricane-impact windows and doors, recent interior paint, porcelain flooring, in-unit washer/dryer combos, stainless-steel appliances, open-concept kitchens, and a well-maintained garden with secured fencing. Situated in a high-demand rental area near the upcoming Town Center Redevelopment, surrounded by new luxury high-rises—a strong catalyst for future appreciation and tenant demand.Walk to the beach, restaurants, public transit, schools. and close to the Normandy Shores Golf Course. PLEASE DO NOT BOTHER THE TENANTS

Location

State FL

County Miami-dade

Area 2320

Interior

Heating Heat Strip, Separate Meters

Cooling Electric

Flooring Ceramic Tile

Fireplace No

Laundry Outside

Exterior

Exterior Feature Balcony, Lighting, Outdoor Living Area

Fence Fenced

Utilities Available Cable Available

Waterfront Description Ocean Access

Water Access Desc Public

Roof Type Concrete

Porch Porch, Balcony

Private Pool No

Building

Lot Description Sprinkler System

Dwelling Type Multi Family

Story 2

Sewer Public Sewer

Water Public

New Construction No

Construction Status Resale,Updated/Remodeled

Schools

Elementary Schools Biscayne Beach

Middle Schools Miami Beach Nautilus

High Schools Miami Beach

Others

Pets Allowed No

Tax ID 0232020072150

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11950199

BeachesMLS, Inc. (FLR) VOW
Listed by Sergio Evora London Foster Realty

Nearby Locations

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London Foster Florida

London Foster Florida

+1(844) 566-3663

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625 77th ST

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